How Reliable Are These Stock Tips Companies
Question: Recently I came across a website. They seems to give good tips on share and its future prices. What you think, how reliable they are.
I have seen their Recent Recommendations part, do you think I shall give a try to their 6 subscription of Rs.2500/-?
Answer: Really depends. no one in this market can really predict what happens. You can make quick money or lose money quickly too. What I would advice is to wait and watch. Track their recommendations for a week or two. Do mock trades (as if you actually are buying stocks they recommend). Record all this in a spreadsheet and decide based on what you find. If results are very positive, you can try your hand at it. If results are average or even slightly over average, then you should stay away from this stock tip advisory company.
Also, even if you go ahead, make sure this is not your “scared money”. If you are scared about losing this money, don’t invest. You start with the assumption that even if you do lose all this money, you will not have to change your lifestyle, affect your family in any way!
Good Luck!
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